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Q3 Industry Insights: Preparing for Credit Card Bills, Student Loans and Holiday Spending

True Accord

Economic stressors persist and are likely contributing to many consumers relying on credit to cover expenses, while the resumption of student loan payments adds another financial obligation to the mix. trillion in student debt under the CARES Act, student loan payments resume this month. a year ago.

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7 Unexpected Benefits of a Good Credit Score

Credit Corp

If you need some extra motivation to increase your credit score or are curious what a high credit score will mean for you, here are the unexpected benefits of a good credit score. According to Forbes, consumers owed $323 billion on personal loans in 2020. 35% of your credit score is based on Payment History.

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Tips for Improving Your Credit: The Types of Accounts in Your Credit Report

Credit Corp

Because mortgage loans can span up to 30 years, a lower interest rate can save you a lot of money over time. Student Loans : These loans are used to pay for college-related expenses, such as tuition, room, and board. As such, the repayment of a student loan generally goes through a process called deferment.